Transactions at the Nigerian Exchange Limited (NGX) closed bullish on Thursday, March 28, 2024, as investors gained ₦‎158 billion.

Rise in share price of about 39 major stock was instrumental to the gains reccorded.


Stock Market Closes Bullish, As Investors Gain ₦‎158bn

Share price appreciation in Julius Berger Nigeria Plc and 38 others significantly contributed to investors gains in the stock market.


The  All Share Index appreciated by 0.27%, to close at 104,562.06 bps from the previous close of 104,283.64bps.

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At the close of trade, the stock market capitalisation rose by ₦‎158 billion to closed at ₦‎59.121 trillion.

Meanwhile, a total of 623,075,241 of shares was traded in 10,257 deals valued at ₦‎16.954 billion.

Gainers And Losers

Morison Industries Plc led other gainers with 10% growth to close at  ₦‎1.76 from its previous price of ₦‎1.60

Ikeja Hotel, Julius Berger Nigeria, and Omatek Ventures Plc amongst other gainers also grew their share prices by 9.91%, 9.73%,  and 9.72% respectively.


FTN Cocoa Processors Plc led other price decliners as it shed 9.96% off its share price to close at ₦‎1.60.

ABC Transport, Guinea Insurance, and  NGX Group Plc amongst other losers also shed their share prices by  9.41%, 87.89%,  and 6.76% respectively.


Volume Drivers

Zenith Bank Plc traded about 88.355 million units of its shares in 817 deals, valued at ₦‎3.887 billion

Guaranty Trust Holding Company (GTCO) Plc traded about 78.676 million units of its shares in 795 deals, valued at ₦‎4.115billion.

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Access Holding Plc traded about 56.743 million units of its shares in 915 deals, valued at ₦‎1.392billion.


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